Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/73974 
Year of Publication: 
2007
Series/Report no.: 
Nota di Lavoro No. 16.2007
Publisher: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Abstract: 
We analyse agreements on river water allocation between riparian countries. Besides being efficient, water allocation agreements need to be stable in order to be effective in increasing the efficiency of water use. In this paper, we assess the stability of water allocation agreements, using a game theoretic model. We consider the effects of climate change and the choice of a sharing rule on stability. Our results show that both a decrease in mean river flow and an increase in the variance of river flow decrease the stability of an agreement. An agreement where the downstream country is allocated a fixed amount of water has the lowest stability compared to other sharing rules.
Subjects: 
Water Allocation
Stability
Climate Change
Game Theory
JEL: 
C7
Q25
Document Type: 
Working Paper

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